HSBC relationship rates
Make an Initial Draw of $25,000 or more at closing and receive a 0.25% rate discount.
0.50%
Auto-pay rate discount for Premier customers.
Not a Premier customer? Apply today >
0.25%
Auto-pay rate discount for non-Premier customers.
As of {{currentDate}}
HSBC offers two types of Home Equity products with two different monthly payment options.
| State* |
Non-Premier APR1 |
HSBC Premier2APR1** |
|---|---|---|
| NY | 5.750% |
5.250% |
| CA | 5.300% |
4.800% |
| WA | 5.800% |
5.300% |
| All Other States | 6.000% |
5.500% |
| State* |
NY |
|---|---|
| Non-Premier APR1
|
5.750% |
| HSBC Premier2
APR1**
|
5.250% |
| State* |
CA |
| Non-Premier APR1
|
5.300% |
| HSBC Premier2
APR1**
|
4.800% |
| State* |
WA |
| Non-Premier APR1
|
5.800% |
| HSBC Premier2
APR1**
|
5.300% |
| State* |
All Other States |
| Non-Premier APR1
|
6.000% |
| HSBC Premier2
APR1**
|
5.500% |
| State* | Non-Premier APR1 |
HSBC Premier2APR1** |
|---|---|---|
| NY |
6.000% |
5.500% |
| CA |
5.550% |
5.050% |
| WA |
6.050% |
5.550% |
| All Other States |
6.250% |
5.750% |
| State* |
NY |
|---|---|
| Non-Premier APR1
|
6.000% |
| HSBC Premier2
APR1**
|
5.500% |
| State* |
CA |
| Non-Premier APR1
|
5.550% |
| HSBC Premier2
APR1**
|
5.050% |
| State* |
WA |
| Non-Premier APR1
|
6.050% |
| HSBC Premier2
APR1**
|
5.550% |
| State* |
All Other States |
| Non-Premier APR1
|
6.250% |
| HSBC Premier2
APR1**
|
5.750% |
Get started online
Your personal mortgage consultant will contact you.
Find a local mortgage consultant
Speak with a mortgage consultant face to face in your area.
Over the phone
Call 844.HSBC.MTG (844.472.2684) and apply over the phone.
To apply for an HSBC Home Equity Line of ChoiceSM, please have the following information at hand:
The information you need to apply
To apply for an HSBC Home Equity Line of ChoiceSM, please have the following information at hand:
• Social Security Number or Tax Identification Number
• Date of birth
• Current address including length at residence
• Current email address
• Monthly mortgage/rent payment amount
• Annual income and employment information
• Other income sources for yourself and co-applicant (if applicable)
• Property information, including purchase date and price, estimated value, mortgage holder, outstanding balance, monthly payment, taxes, insurance and all names on the deed.
Documents you may need
During the process, you may be asked to provide copies of the following, if applicable:
• Your most recent paystub and a W-2 form
• Two years of Federal Tax returns (1040s), if self-employed
• Your mortgage statement and mortgage note if you have a first mortgage and it's with a lender other than HSBC
• Most recent property taxes if not escrowed
• Most recent home insurance binder
• If your property is a Cooperative (Co-op), you will be asked to furnish copies of your:
o Complete signed proprietary lease
o Stock certificates
1 Discounts and loan amounts depend on specific program and may require certain personal deposit and investment balances, reserves, equity and automatic payment from an HSBC U.S. checking account. For home equity, the Premier and non-Premier APR include an auto-pay discount of .50% and .25%, respectively.
2 To be eligible for an HSBC Premier home equity line of credit, you must be a Premier relationship customer with a U.S. Premier checking account. To learn more about the Premier relationship requirements contact an HSBC branch or call toll free at 866.801.6756.
3 The Annual Percentage Rate (APR) for a Home Equity Line of ChoiceSM is variable and is based on the U.S. Prime Rate published each day in The Wall Street Journal (but not the Weekend Edition of The Wall Street Journal) (the "Index") plus a margin. If The Wall Street Journal publishes more than one U.S. Prime Rate for a day, the Index will be the average of those rates. The index as of the last change date of December 20, 2018 is 5.50%. The maximum APR is the greater of 15.9% or 5% above the initial APR. The APR will not increase or decrease by more than 4% in each year. Rates apply to lines secured by your primary residence (excluding co-ops and 3-4 family property) with a total loan-to-value ("TLTV") ratio of 80% or less. Higher rates may apply for different TLTV's, property and product types. Please contact us for current rates on lines with different terms. The APR does not include closing costs. For line amounts of $500,000 or less, HSBC will pay all closing costs. For line amounts greater than $500,000, you will be required to pay 50% of title insurance costs and any mortgage tax-like fees; however, HSBC will pay all other closing costs. Generally, closing costs are estimated to range from $270 to $19,900, but may be higher depending on the location of your home and the amount of your line of credit. If you terminate your account within the first three years, you will have to pay an early termination fee of $500 (or $750 for properties located in California and Virginia), plus any mortgage tax-like fees paid by HSBC at the time your account was established. No annual or application fees will be assessed. Your Home Equity account will be secured by a mortgage on your home. All persons on the deed must sign the mortgage. Property insurance is required and flood insurance may be required.
4 Consult your tax advisor for details on tax deductibility of interest paid on loans secured by your home.
5 The fixed rate loan option provides the ability to fix the interest rate on all or a portion of the outstanding balance during the draw period. Up to three balances can be fixed at one time. Additional conditions apply.
* In AZ, minimum line amount is $10,001; Line amounts greater than $500,000 available. Please contact us for more information.
** This APR includes an auto-pay discount of 0.25% for HSBC non-Premier customers and 0.50% discount for HSBC Premier customers. To qualify for discounted rates on a Home Equity Line of ChoiceSM, payment must be made via automatic payment from a U.S. Premier or U.S. Advance checking account which must be opened and fully funded prior to closing. Discounts can be cancelled or are subject to change at any time and cannot be combined with any other offer or discount.
‡ Click here for information regarding Interest Only home equity lines and other non-traditional mortgage features.
Rates shown are for new Home Equity Line of ChoiceSM accounts only and may change daily without notice.
Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for property located in the U.S. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be cancelled or are subject to change at any time and cannot be combined with any other offer or discount.
Deposit products offered through HSBC Bank USA, N.A. - Member FDIC.
